Video: Seabridge CEO on KSM progress, questioned permits

Seabridge Gold (TSX: SEA; NYSE: SA) is advancing its KSM copper-gold project in British Columbia despite legal challenges and petitions creating hurdles, CEO Rudi Fronk said.

The project, in the Golden Triangle of northwestern B.C., is one of the world’s top undeveloped gold deposits. The environmental permits are valid for the mine’s entire life. Getting the permits last year puts Seabridge in a better position to find a joint venture partner, Fronk said in an interview.

“If you’re looking for exposure to gold, look no further than Seabridge, Fronk said January in Vancouver. “Given the large volume of metal you have in the ground – g 2 oz. gold in the ground per share – it’s just a no-brainer.”

KSM has 12 billion tonnes of economic resources in five deposits. It now has an after-tax NPV of $15 billion at spot metal prices, Fronk mentioned.

A First Nation and a few NGOs are unsure if consultation was done right. Still, the company is moving forward with plans. They have a $100 million budget for 2025 and a 245-megawatt hydropower deal from B.C. Hydro, Fronk said.

Watch the full conversation with The Northern Miner’s western editor, Henry Lazenby.